Even though mortgage rates have stayed relatively steady, the ongoing federal government shutdown is creating a ripple effect across the real estate world: delays in loan processing, flood insurance renewals, and verification timelines that can slow down transactions.
Mortgage rates are holding for now. The 30-year conforming rate is sitting around 6.38%. Federal programs are feeling the pressure. USDA loans are paused until funding resumes. FHA and VA loans may take longer to approve.
If you're selling a home in Austin, local demand remains strong. For buyers, the key is preparation. Talk to your lender early and get all verification documents ready ahead of time.